Real Estate Appreciation for Springfield, Massachusettes: + 31.63%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Springfield, Massachusettes MSA appreciated + 31.63% (+ 7.91% yearly) for the period between 1999 and the end of 2002.
The state had + 57.63% total appreciation (+ 14.41% yearly).
The state average for Massachusettes was higher than the real estate appreciation in the Springfield, Massachusettes MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 82.17% faster than this MSA.
Springfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1999 | 2 | 111.67 | + 0.61% | + 2.45% |
| 1999 | 3 | 114.37 | + 2.42% | + 9.67% |
| 1999 | 4 | 114.11 | - 0.23% | - 0.91% |
| 2000 | 1 | 117.12 | + 2.64% | + 10.55% |
| 2000 | 2 | 117.49 | + 0.32% | + 1.26% |
| 2000 | 3 | 119.67 | + 1.86% | + 7.42% |
| 2000 | 4 | 121.53 | + 1.55% | + 6.22% |
| 2001 | 1 | 124.84 | + 2.72% | + 10.89% |
| 2001 | 2 | 127.17 | + 1.87% | + 7.47% |
| 2001 | 3 | 129.71 | + 2.00% | + 7.99% |
| 2001 | 4 | 131.79 | + 1.60% | + 6.41% |
| 2002 | 1 | 135.03 | + 2.46% | + 9.83% |
| 2002 | 2 | 138.71 | + 2.73% | + 10.90% |
| 2002 | 3 | 143 | + 3.09% | + 12.37% |
| 2002 | 4 | 146.1 | + 2.17% | + 8.67% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Springfield-MA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Massachusettes, you can do some research at Spec-Loan.com.
If you were going to do a Amherst, Massachusettes Refinance, or Amherst, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your Amherst, Massachusettes home was worth $101,000.00 in 1999, you could multiply by + 31.63%, add the gain and see the home should be worth $132,949.82 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Springfield-MA from 1999 to 2002:
+ 7.91%
Appreciation Comparisons
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
The top 5 performing MSAs from 1999 to 2002 were Barnstable-Town-MA, Napa-CA, Vallejo-Fairfield-CA, San-Luis-Obispo-Paso-Robles-CA, and Salinas-CA .
- Barnstable-Town-MA increased + 77.56% from 1999 to the end of 2002
- Napa-CA increased + 71.93% from 1999 to the end of 2002
- Vallejo-Fairfield-CA increased + 71.68% from 1999 to the end of 2002
- San-Luis-Obispo-Paso-Robles-CA increased + 71.04% from 1999 to the end of 2002
- Salinas-CA increased + 68.96% from 1999 to the end of 2002
Zip Code in MSA: 1002 - AMHERST, MA
MSA Pop: 688495Zip Pop: 36794
Avg Value: 177600
County: HAMPSHIRE
Elev: 140
Region: Northeast
Lat: 42.37686
Long: -72.46914